Pacific Horizon Investment Trust PLC Acquires Own Shares

An announcement from Pacific Horizon Investment Trust PLC ( (GB:PHI) ) is now available.

Pacific Horizon Investment Trust PLC announced the purchase of 75,000 of its own ordinary shares at a price of 599.64p, which will be held in Treasury. This transaction impacts the total shares in issue, leaving 87,180,247 shares available for shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules, potentially affecting shareholder notifications.

Spark’s Take on GB:PHI Stock

According to Spark, TipRanks’ AI Analyst, GB:PHI is a Neutral.

Pacific Horizon Investment Trust PLC demonstrates strong financial stability with a robust balance sheet and significant improvements in profitability. However, cash flow challenges pose risks that need addressing for sustainable growth. The technical indicators suggest potential short-term weakness, while the low P/E ratio presents an attractive valuation. The positive outlook on Asian markets could enhance future performance, providing a balanced investment case.

To see Spark’s full report on GB:PHI stock, click here.

More about Pacific Horizon Investment Trust PLC

Pacific Horizon Investment Trust PLC operates within the investment trust industry, focusing on delivering long-term capital growth by investing in companies across the Asia-Pacific region and the Indian Subcontinent.

Average Trading Volume: 145,862

Technical Sentiment Signal: Buy

See more data about PHI stock on TipRanks’ Stock Analysis page.